BUSINESS DEVELOPMENT CENTER TO FOCUS ON REGIONAL ENTREPRENEURSHIP

Armenpress
Apr 05 2006

YEREVAN, APRIL 5, ARMENPRESS; The Center for Development of Small and
Medium-Sized Businesses is set to receive 350 million drams this year
from the state budget, by 50 million more than last year, to promote
a government-designed program for development of entrepreneurship.

Ishkhan Karapetian, director of the Center, told Armenpress that a
major component of this program is to help beginners. He said the
component had already been tested last year and will be implemented
this year in all Armenian provinces. He also said the bulk of
assistance, from 80 to 90 percent- will go this year to regional
entrepreneurs, especially in remote and frontier areas.

In 2005 the share of small and medium-sized businesses in Armenia’s
overall GDP made 40 percent, up from 38. 6 percent in 2004.